Fintech





















Nigerian fintech startup, Bamboo, launches in Ghana to offer access to investments

Bamboo has launched in Ghana to offer Ghanaians the opportunity to invest in global companies.

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You can no longer shop on foreign websites with your First Bank naira card

Amid the ongoing forex scarcity, First Bank of Nigeria’s customers will be unable to pay for international transactions using their naira cards.

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Flutterwave has received a switching and processing license from Nigeria’s Central Bank

Following news of its impending IPO plans, Flutterwave has received a switching and processing license from the Central Bank of Nigeria.

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Clear monetisation strategies and regulatory engagement: How African fintechs can position for growth

With over $2 billion raised in 2021, Africa’s fintech sector is the biggest recipient of startup funding on the continent, but how can that translate to profitability?

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Google’s mobile payment system, Google Wallet, is now available in South Africa

Google’s mobile payment system, Google Wallet, has been launched in South Africa, making it the first African country where the Wallet is available.

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4 ways tech can help you beat inflation in Nigeria

Nigeria’s average annual inflation rate is 16%, which means ₦100 in 1960 will be worth over ₦567k in 2022. At this point, learning to beat inflation is an important life hack, and here are four ways tech can help.

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“It’s not a change, it’s an expansion” — Odunayo Eweniyi on Abeg’s rebrand to Pocket

Nigerian fintech Abeg has changed its name to Pocket while getting an approval in principle to run a mobile money service. What does this all mean for the startup?

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Inside NIPOST’s latest financial inclusion play: Agency banking and fingerprint authentication

In January 2022, the Nigerian Postal Service launched its agency banking platform and biometric debit cards as it looks to drive financial inclusion. We took a look at what that really means for you. 

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How changing customer attitudes will affect fintech business models in Africa

As competition heats up in the African fintech industry, Oluwatobi Boshoro, CEO of Infinitetiks, believes that the greatest threat will come from businesses that can add financial services to their core services.

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Nigerian fintech predictions for 2022: Dollar exchanges go the way of Bitcoin

From a global giant’s arrival to a fintech battle royale, we take a peek behind the curtain of the fintech predictions by one of Nigeria’s foremost minds in the fintech space

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Reviewing Nigerian fintech in 2021:  Local investors are stepping up

It’s the age of fintech in Nigeria, and as the year concludes, we look back on some trends in the fintech space, and the predictions made for 2021.

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Road to super app? GIGM adds e-wallet, bill payment features

Nigerian mobility giant, @GIGMobility, has launched a payment features on its app. @chigo_nwokoma examines what this means for the company’s super app ambitions.

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The next frontier for fintech: Disruptive business models

From recurring payment structures to plug and play APIs, the African fintech industry has evolved. But what does the next frontier look like for the sector? We talked to Abdul Hassan (@ijbkid) and @dejiolowe to get their opinions.

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UPDATED: What MTN, Airtel PSB licence approval could mean for financial inclusion in Nigeria

Given the widespread support that has accompanied the Central Bank of Nigeria’s decision to grant MTN and Airtel approvals in principle to operate payment service banks, we examine its potential impact on financial inclusion in Nigeria.

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Naira’s digitisation via the eNaira: Beyond financial inclusion

“Naira’s digitisation via the eNaira: Beyond financial inclusion” by Aderemi Fagbemi and Oluchi Mgbenwelu for @TopeAdebayoLLP (Techpoint Africa Publishing Partner)

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Nigeria’s Central Bank reportedly freezes accounts of Chaka, Bamboo; what happens to your investments?

Citing alleged illegal forex market dealings and cryptocurrency trading, Nigeria’s Central Bank has reportedly frozen the accounts of Nigerian investment-tech companies, Chaka, Bamboo, Risevest, and Trove. What happens to investor funds? The startups?

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JumiaPay, the fintech startup of the @Jumia_Group marketplace, has partnered with @NBE1898 in offering new digital payment services.

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Nigeria’s apex bank chooses open-source blockchain to run digital currency pilot on October 1, 2021

@cenbank has slated October 1, 2021, to launch its digital currency pilot that will run on a private Blockchain network giving it total control of the currency. While this ensures security, how does it plan to address issues of transparency?

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A deep dive into the activities of PoS agents in Nigeria

Point of Sale (PoS) services are now prevalent in Nigeria, with an increasing drive for financial inclusion. @nifemeah finds out how to run a PoS business in Nigeria and shares how agents navigate the market to make a profit.

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Nigerian fintech, Lidya, raises $8.3m pre-Series B

After a $1.5m seed funding in 2017 and $6.9m Series A in 2018 Nigerian lending platform, @lidyadotco, now boasts $16.45m in total funding since its launch.

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